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ALROSA Sells Rough and Polished Diamonds worth US$294.9 Million in August
Positive trends in diamond jewellery sales observed since the beginning of the year contribute to stable demand for almost the entire range of our products, especially for high-price rough diamonds
By: Diamond World News Service
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Sep 10 2018 4:32PM
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Reference: 16642  

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ALROSA has announced diamond sales results for August and eight months of 2018.

In August, ALROSA Group sold US$294.9 million worth of rough and polished diamonds (+14% YoY). Rough diamond sales by value amounted to US$283.2 million, polished diamond sales – US$11.7 million.

ALROSA’s total diamond sales in January-August 2018 grew by 9 per cent Y-O-Y up to US$3.323 billion, including rough diamond sales of US$3.256 billion and polished diamond sales of US$67 million.

“Despite traditional August market slowdown, sales of both rough and polished diamonds were much higher than a year before. Positive trends in diamond jewellery sales observed since the beginning of the year contribute to stable demand for almost the entire range of our products, especially for high-price rough diamonds, – says ALROSA Deputy CEO for Sales Yury Okoemov. – Basically, we maintain moderately positive outlook for the rough and polished diamond market growth in 2018. In the medium term, rough diamond sales will be supported by the growing demand for diamond jewellery in the main jewellery consuming countries – the U.S., China and India.”

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